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Unformatted text preview: recovery even with the number of jobs increasing. They make this argument because even though there are more jobs being added, it is happening so slowly that it is nearly equal to the population growth rate. Job growth at this rate may sound like good news but it is far to slow to bring down the unemployment rate as soon as we would like. For a real reduction in the unemployment rate the equation above needs to be altered much faster than what we are seeing. The basic model of determining unemployment is sufficient to describe what is happening within the article. The numbers on in the equation are both changing but the end result is very similar to the unemployment rate we had several months ago. Jobs are being added to the economy but those who have been unemployed for a substantial amount of time still face frictional unemployment and risk degrading their human capital the longer they stay unemployed....
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